General Motors announced that the upcoming Chevrolet Bolt will be the most affordable electric vehicle (EV) available, as they shift towards making affordable EVs in a market filled with luxury options.

GM took a lot of heat when it killed the first generation Chevrolet Bolt. The super-affordable EV was a massive hit for those looking for a no-frills EV in the Tesla era, with incentives that brought it down to $8,000 in California. But with GM's Ultium on the horizon, all good things must come to an end. As for the Bolt, that means halting sales while GM prepares the next-generation of the popular all-electric car.

In an interview with Automotive News, GM's North American chief, Marissa West, became the Bolt's latest promotional figure, cheering on the upcoming product by emphasizing GM's push for it to be America's affordable EV.

"We're excited to bring the product back better than ever, underpinned by the Ultium technology, really presenting to the customer a great value solution," said West. "It will have great styling, it'll have great range, really good charging time. It'll come at a point when affordability is important and also the infrastructure continues to build out."

We've known that the next-generation Chevy Bolt has been on the way for a while. It's also public knowledge that the Bolt will have an LFP battery pack and a NACS charging port to take advantage of Tesla's Supercharger network. GM says to expect the new Bolt next year.

Interestingly, GM says that the new Bolt will be "the most affordable vehicle on the market." That's huge is true. Currently, that badge in the US goes to the Nissan Leaf at $28,040 before destination costs. However, the Leaf will be discontinued sometime this year to make room for the new model, which means the next step up is the 2025 Mini Cooper Electric, which starts at $30,900.

Source: Automotive News